K96.3 FM Kelowna's Classic Rock - Radio Rallies & Reversals
So yesterday marked the first time this week markets maintained their opening direction, in this case up, and finished on strength. Today they've opened in the red and continue to slide, but don't put to much weight on this as this weekend is a holiday weekend in the U. S. and in parts of Europe, and volumes will be light.
Yesterday I posed the question: "Is the sell-off in stocks the past couple of weeks a buying opportunity, or should investors sell on any bounce?" I have suggested throughout the stock market run since March '09 that the economic fundamentals have been poor. Quite simply their is too much debt which needs to be paid down, and when that takes place, consumption and corporate profits will be challenged. As an offset, central bank and government stimulus policies have swept problems under the rug, and monetary policy continues to be loose. So, buy or sell?
Technicals have turned negative. Use the sell-off to add to longer-term quality companies, but take profits on tactical positions.
That's it for this week. Have a great weekend.
GB
Yesterday I posed the question: "Is the sell-off in stocks the past couple of weeks a buying opportunity, or should investors sell on any bounce?" I have suggested throughout the stock market run since March '09 that the economic fundamentals have been poor. Quite simply their is too much debt which needs to be paid down, and when that takes place, consumption and corporate profits will be challenged. As an offset, central bank and government stimulus policies have swept problems under the rug, and monetary policy continues to be loose. So, buy or sell?
Technicals have turned negative. Use the sell-off to add to longer-term quality companies, but take profits on tactical positions.
That's it for this week. Have a great weekend.
GB
posted by Gordon Bell at
8:19 AM
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